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State of Probability of Return Return Return Economy State of Economy Stock A Stock B Stock C Boom 0.20 24.14% 16.2% 20.47% Good 0.35 10.26%

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State of Probability of Return Return Return Economy State of Economy Stock A Stock B Stock C Boom 0.20 24.14% 16.2% 20.47% Good 0.35 10.26% 13.35% 8.06% Poor 0.40 6.65% 6.97% 3.73% Bust 0.05 2.64% 2.49% 2.69% Your portfolio is invested 16% each in stock A and Cand the remaining in stock B. What is the expected return of the portfolio

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